New Delhi, April 29 -- A Tata Sons committee has concluded that group company secretary Suprakash Mukhopadhyay had failed to make the requisite disclosures about a wealth management firm run by his family members.

member internal committee listed the lapses of Mukhopadhyay, a close aide to chairman Natarajan Chandrasekaran, but stopped short of terming Mukhopadhyay guilty, reasoning that his action was not deliberate. The report, which was submitted to Chandrasekaran last week, was shared by him with the other members of the nine-member Tata Sons board.

"Prima facie, there are lapses on Mr Mukhopadhyay's part in making adequate and timely disclosure to the competent authority in Tata Sons about (a) his involvement and relationship with ...